That’s JPMorgan Chase’s top legal eagle’s take on the bank’s record $13 billion settlement with the government over the sale of mortgage-backed securities in the run-up to the financial crisis.

“We should all be concerned that there doesn’t seem to be a natural end point to how high fines could go,” Stephen Cutler, JPM general counsel, told regulators and attorneys at an industry event Friday.

One light moment occurred earlier in the discussion between Cutler and JPMorgan’s top regulator at the Office of the Comptroller of the Currency, Daniel Stipano, who was also on the panel.

“I’d like to say how handsome [Stipano] looks,” Cutler quipped before he griped about the size of government fines levied against the banks.

After protracted negotiations with a host of state and federal regulators, JPMorgan finally announced a massive settlement to resolve a raft of mortgage claims and litigation on Tuesday. The deal was reached two months after JPMorgan chief Jamie Dimon traveled to DC to meet with US Attorney General Eric Holder.

The deal included a $2 billion penalty and $7 billion in compensatory payments.

There was also $4 billion in loan relief to consumers. New York state is in line for more than $1 billion of that.